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20131101
20131130
Search Results 0 to 9 of about 10 (some duplicates have been removed)
.com/nbr. >>> end of an era, steve balmer, microsoft ceo and chief sales meeting, bill gates gets emotional. what is next for the software maker and who will lead it? >> do it yourself. more people are and home depot is reaping rewards raising the outlook for the third time this year. it's not the only company profiting by the trends. >> pinched by pensions. tonight we head to chicago to see just how deep the problems run. all that and more tonight on "nightly business report" for tuesday, november 19th. >>> good evening everyone. topping our news, three corporate giants, jp morgue chase, home depot, microsoft members of the dow index and making news today for different reasons. we begin with microsoft and shareholders meeting today but it wasn't a typical shareholders meeting. this was the final one for steve balmer who steps down as ceo next year and marks the beginning of a historic management changeover at the company. as microsoft's bored narrows the search for a new leader, the company will end a 38-year stretch where balmer and dates led. who might be next in charge. >> reporter: it was a
shutdown were likely tempered in the fourth quarter. steve liesman has more. >>> economic growth was hotter in the third quarter than investor expected but that could be cold comfort in the months ahead. the government gross domestic product rose 2.8% well ahead of the 2% consensus and the best quarterly number in a year. the data accounts for growth before the government shutdown and the controversial debt ceiling debate that many economist believe weaken growth in the current quarter. still, better to have more men tum than less. housing surged ahead by 14.6%, durable purchases by consumers up nearly 8% and exports up 4.5% and invenn tomorrowries, there was a big inventory, $86 billion. business equipment purchases fell and federal government fell by 1.7%. it's the strong growth in inventories with concerns about the shut down that makes economists concerned about the current quarters' growth. if they put too much on the shelf last quarter, they will spend this quarter working it off. it's seen at 1.6%, one shot in the arm for global growth could be from europe. it cutted lending rate wit
when to reduce the stimulus program? steve liesman explains. >> the fed's october meeting showing this committee members general he believe the economy will improve enough to warrant a reduction in stimulus to the economy. specifically, they could reduce the amount of assets they purchase in quantitative easing if the fed's forecast for gradually improving economy comes true. the fed is deeply divided overcome mun case strategy as it fears stocks and bonds could sell off sharply and is trying to convince markets, if it does taper, that does not mean the central bank will raise interest rates any time sooner. ben bernanke struggled with the problem for months and there doesn't seem to be easy answers. we learned the special emergency october 16th meeting the day before the government was supposed to default to discuss what to do if that default happened. it's suggested it could take access in the event of a default. economic effects are temporary and limited. for "nightly business report", i'm steve liesman. >>> well, joining us now to talk more about the fed, bruce, chief economis
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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